Rejected. I've decided that masternode coins can sometimes be acceptable, but Biblepay seems highly deceptive. For example, you say "10% of the emission goes to sponsoring Orphans, with provable contributions," but: - 10% of the monthly emission should be somewhere around 6 million coins, but the monthly trade volume tends to be only slightly higher than this, which is unbelievable if you're actually selling the coins in order to make donations. - This 10% goes to a hardcoded non-multisig address with no explanation. - "THE COIN HAS RPC COMMANDS THAT PROVE 100% OF CONTRIBUTIONS ARE SPENT THE WAY INTENDED" is completely false. The RPC command just totals up all of the payments to the hardcoded address. What happens after the coins go to that address is unexplained. - There is no non-profit registration, receipts for donations, any info about the people who are supposedly facilitating donations, etc.

Biblepay looks like a generic coin with hardcoded dev subsidy plus some probably-totally-fabricated marketing about orphans.

Is 501c3 status at the federal level being pursued for the BiblePay Foundation? If so, a pdf of the letter of exemption might be good to provide. This would be in addition to the Texas SOS registration that you note is in place.

Even if the application is currently in process (i.e. has been filled out and mailed in to the IRS with the corresponding application fee), you can show a copy of the initial letter they send (showing that the application has been received) or just state that the IRS non-profit exemption has been applied for and is currently pending.

"Still no. I'd probably only be comfortable with BiblePay if a lot more info, news, and third-party reviews of your practices come out. As-is, I'm not particularly convinced by your responses to my previous concerns (though admittedly I don't have time to spend more than a few minutes looking at it), and I see a lot of red flags. If I was convinced that BiblePay was like "Litecoin with a bible theme and a donation thing", then I'd probably allow it."Reference: https://bitcointalk.org/index.php?topic=5044744.msg47033776#msg47033776